Second-Floor Office
For Sale
$209,900
L-3201 Highfield Dr, Bethlehem, PA 18020
Four office or meeting rooms, two half baths, and a separate utility area support a range of professional workspace needs.
Property Size1,000 SF
Price / SF$209.90
Days on Market33
Property Features for L-3201 Highfield Dr
General Information
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
Annual Taxes
$3,170
Listing Agency:
BHGRE Valley Partners-Bethlehm
(610) 421-8887
Listed By:
Lori J. Campbell · License #AB-060571-L
(610) 360-2413
Source:
Exprealty
Added: Sep 4
Changed: Oct 1
Last Checked: Oct 5 at 8:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHGRE Valley Partners-Bethlehm
Investment Insights
Based on property information with market context.
Suite L is a second-floor office unit in a 13-unit professional office complex. Its layout includes a large office, three additional office or meeting rooms, two half baths, a walk-in closet, and a utility room with a sink and building systems. Carpeted floors, dropped ceilings with panel lighting, and exterior windows are among the interior features.
The office park has a paved parking area in front of the building and a tenant directory sign. The complex has a brick and vinyl exterior and a metal roof. The buyer is responsible for obtaining a municipal inspection and Certificate of Occupancy from Bethlehem Township.
The office park has a paved parking area in front of the building and a tenant directory sign. The complex has a brick and vinyl exterior and a metal roof. The buyer is responsible for obtaining a municipal inspection and Certificate of Occupancy from Bethlehem Township.
Key Highlights
- Suite L offers four office or meeting spaces and two half baths
- Second‑floor unit in a 13‑unit professional office complex
- Separate utility room includes a sink and building systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,373
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,460
$207.5K
Cap Rate 7%
$148,186
$148.2K
Cap Rate 9%
$115,256
$115.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$15.0K $15.00/SF
− Vacancy
−$1.2K −$1.17/SF
EGI
$13.8K $13.83/SF
− OpEx
−$3.5K −$3.46/SF
NOI
$10.4K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,460
Cap Rate 7%
$148,186
Cap Rate 9%
$115,256
Alternative Uses
Best Use
Office B
$148.2K
$129.7K – $172.9K
NOI $10,373 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$189.7K
$166.0K – $221.3K
NOI $13,277 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 18020, PA
20,582
Population
7,940
Households
2.6
Avg Household Size
45
Median Age
42%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
1,583
Density / Sq Mi
$122,610
Median Household Income
$53,144
Median Earnings
$1,493
Median Rent
$348,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Four office or meeting rooms, two half baths, and a separate utility area support a range of professional workspace needs.
Where is this office units located?
The property is located at L-3201 Highfield Dr Bethlehem, PA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Suite L offers four office or meeting spaces and two half baths; Second‑floor unit in a 13‑unit professional office complex; Separate utility room includes a sink and building systems
